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20130103
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superstorm sandy. neighborhoods along the northeast swept away, millions without power and damages as high as $50 billion, raising lots of questions about u.s. infrastructure and whether we should be spending some money to fix it. >> number five, china. is china slowing or is china leading the world? we do know that china will be the biggest economy in the world by 2020, for sure by 2030. >> china. >> china. >> china. >> china. >> china. >> china also getting more than a few mentions during the presidential campaign, probably because it's pretty clear that china is both a competitor and a partner. >> number four, europe. the european union was fractured by too much debt and the austerity plans to fix it. that saga is far from over. number three, the housing market. finally, finally bottomed out. the combination of low home prices and continued record low mortgage rates set off a building and buying spree. well-healed investors began buying entire neighborhoods, but first-time buyers were also able to get a home of their own for the first time in years. as long as they had a hefty down paym
. >> reporter: nine weeks after superstorm sandy, 76-year-old frank gisi relays on the red cross for meals. just this week, he was able to return to his home on staten island. >> water was coming through the walls, through the brick. >> reporter: gisi shows us photos of his house that needs to be gutted. and while he's happy to be back home, he's furious with house republicans for refusing to vote on the $60 billion aid package to help sandy victims. if you were on capitol hill today, what would you say to lawmakers? >> you stink. all of you stink. you have no compassion, and you got -- you don't have blood in your veins, you got ice cubes. >> reporter: while gissi has returned home, many people on his block hasn't because of the extensive damage, and he worries about whether they'll come back. >> i cried for two weeks when i lost this house. if i could cry again, i'd cry again. i have no use for them in washington. i have friends on the block here that lost more than me. and they're living in shelters. >> reporter: this area of staten island was so hard hit, president obama visited newdorf beac
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